Samsung's virtual reality glasses could further immerse you into TouchWiz

Ready for the next big thing? It's most likely shaping up to be virtual and augmented reality. We have players like Google working on Glass and Facebook now working with Oculus. Not to be left alone, Samsung is reportedly making a virtual reality headset to be used with their phones and tablets.

Engadget reports that Samsung's mobile division is working on a virtual reality headset that will be announced later this year. The South Korean company hopes to beat Facebook's Oculus Rift and other players to market.

This product is set to compete with the Oculus Rift and not Google Glass. We reported earlier this month that Samsung was also interested in going after Glass with their own 'Gear Glass' wearable for late 2014.

Instead, this new device rumored will be a virtual reality headset. It'll have an OLED screen that's as good or better than the one found on the Oculus Rift dev kit. No information is known at this time on how it will connect to your phone or tablet, but a wired connection is probable.

Samsung not only hopes to beat competitors to market, but will also aim to enter in at a lower price point. Samsung's operating system, Tizen, will reportedly not power this virtual reality headset.

Anyone out there interested in a virtual reality headset? Do you see any applications beyond gaming? Sound off below in the comments.